Sinclair Inc

Sinclair Broadcast Group, Inc. is a media company engaged in the provision of local sports and news. It operates through the following segments: Broadcast, Local Sports, and Others. The Broadcast segment consists of television stations which offer programming and operating services, and sales and other non-programming operating services. The Local Sports segment consists of regional sports networks, the Marquee Sports Network, Yankee Entertainment, and Sports Network LLC. The company was founded by Julian Sinclair Smith in 1986 and is headquartered in Hunt Valley, MD.

Earnings data Q1 2021

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Sinclair Inc reports record revenues in 2022, eyes technology investments

Sinclair Inc's Q4 2022 earnings call highlighted strong financial performance, strategic investments in technology, and a focus on sustainability. Challenges include declines in net retrans growth and negotiations with CBS stations. Opportunities exist in political ad revenue, distribution renewals, and deleveraging through buybacks.

Sinclair Inc (SBGI) reports strong Q1 performance and eyes growth opportunities

Sinclair Inc (SBGI) showcased strong financial and operational performance in Q1 2023, driven by robust media revenues and strategic advancements in key assets.
While facing challenges from industry uncertainties and leverage changes, Sinclair's reorganization and technology investments position it well for future growth.
Opportunities lie in FCC initiatives, leverage reduction plans, subscriber repricing, and strong local ad performance, offering avenues for revenue enhancement.
Overall, Sinclair's focus on innovation, strategic growth, and revenue diversification underscores its resilience and potential for sustained success in the market.

Sinclair Inc exceeds Q2 expectations, eyes growth in political advertising

Sinclair Inc's Q2 2023 performance showcased resilience in revenue generation and cost management, with the Local Media segment contributing significantly to adjusted EBITDA.
Despite challenges in programming exclusivity and fundraising, the company's strengths in community relevance and strategic partnerships position it well for future growth opportunities.
Opportunities in political advertising, technology investments, and debt reduction strategies present avenues for Sinclair to drive revenue growth and enhance shareholder value.

Sinclair Inc surpasses Q3 expectations, eyes record political ad revenues

Sinclair Inc (SBGI) delivered strong financial results in Q3 2023, exceeding guidance and showcasing resilience in a competitive market.
The company's focus on local media transformation, strategic pillars, and diversified revenue streams underpin its growth trajectory.
While facing challenges in navigating industry dynamics and managing debt reduction, Sinclair is well-positioned to capitalize on opportunities in political ad spending and digital advertising.
Overall, Sinclair's innovative initiatives, commitment to operational excellence, and strategic investments position it for sustainable growth and value creation.

Sinclair Inc reports solid Q4 results and eyes growth in 2024

Sinclair Inc's Q4 earnings call highlighted strong performance, diverse strengths, key challenges, and promising opportunities for growth in 2024.
The company's focus on industry leadership, financial stability, and strategic growth drivers positions it well for the future amidst evolving market dynamics.
By addressing challenges, leveraging strengths, and seizing growth opportunities, Sinclair Inc aims to maintain its competitive edge and drive value for stakeholders.

Sinclair Inc reports strong Q1 results and focuses on debt reduction for future growth

Sinclair Inc (SBGI) showcased strong Q1 performance, with a focus on debt reduction and shareholder returns.
The company faces challenges from subscriber churn and interest rate impacts but is poised for revenue growth opportunities.
Opportunities lie in political revenues, asset monetizations, and diversified sales approaches for future financial strength.
Strategic investments in core advertising, debt reduction, and asset monetizations position Sinclair for sustained growth and profitability.

Sinclair Inc reports robust Q2 results, eyes growth opportunities ahead

Sinclair Inc (SBGI) delivered strong Q2 financial results, with revenue meeting expectations and adjusted EBITDA exceeding guidance. The company's emphasis on Local Media Broadcast assets and broadcast television's value showcases its market positioning and revenue potential.
Despite facing challenges in maintaining advertising growth and adapting to changing media dynamics, Sinclair Inc's strong performance and diversified revenue streams provide a solid foundation for future growth. The company's focus on trust in local news and revenue diversification highlights strategic priorities for sustained success.
With opportunities to leverage its assets for national reach, capitalize on live sports programming, and explore new revenue streams, Sinclair Inc is well-positioned for growth. By embracing digital integration and innovative strategies, the company can navigate challenges and drive long-term success in the evolving media landscape.

Sinclair Inc. reports solid Q3 results, eyes industry consolidation opportunities

Sinclair Inc. delivered solid Q3 results with record political ad revenues and growth in core advertising and distribution revenues.
The company faces challenges from late political ad cancellations impacting revenues and an expected decline in core advertising for Q4.
Opportunities lie in industry consolidation, M&A activities, debt management, and diversification through new product launches.
Sinclair remains focused on reducing leverage, exploring growth opportunities, and maximizing efficiencies in debt management for future success.

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Sinclair, Inc. is a media company that engages in providing content on local television stations and digital platforms. It also owns digital media products that are complementary to their extensive portfolio. It operates through the Local Media and Tennis segments. The company was founded by Julian Sinclair Smith in 1971 and is headquartered in Hunt Valley, MD.

TV station operation Sinclair Broadcast Group wrote off $4.23 billion in value on 23 regional sports networks after they lost distribution deals with YouTube and Hulu amid the pandemic. Partly making up for the loss was strong political advertising revenues.

Sinclair Writes Off $4.2 Billion On Regional Sports Channels Amid Strong Political Advertising

Sinclair Broadcast Group, Inc. (SBGI) CEO Chris Ripley on Q3 2020 Results - Earnings Call Transcript

Sinclair Broadcast Group, Inc.'s (SBGI) CEO Christopher Ripley on Q3 2020 Results - Earnings Call Transcript

Sinclair Broadcast Group edged Wall Street analysts' estimate for revenue in the third quarter, reporting $1.54 billion as the acquisition of 22 formerly Fox-owned regional sports networks hit the balance sheet. The revenue number rose 37% thanks to the RSNs, but the deal also proved problematic given the timing of COVID-19 and provided a drag...

Sinclair Broadcast Group Reports Mixed Q3 Results As Regional Sports Networks Face COVID-19 Headwinds

Sinclair (SBGI) delivered earnings and revenue surprises of 168.27% and 2.86%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Sinclair (SBGI) Beats Q3 Earnings and Revenue Estimates

BALTIMORE, Nov. 4, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI), the "Company" or "Sinclair," today reported financial results for the three and nine months ended September 30, 2020. Third Quarter Highlights Consolidated total revenue increased 37% to $1,539 million...

Sinclair Reports Third Quarter 2020 Financial Results

Sinclair has managed to reduce the damage from its catastrophic RSN purchase by repurchasing Diamond Sports preferred shares, which were guaranteed by Sinclair's Broadcast TV division. This reduces Sinclair's losses on the RSNs by $850 million to $1 billion.

Sinclair's Diamond Doesn't Shine... But Sinclair Does

BALTIMORE, Nov. 2, 2020 /PRNewswire/ -- Sinclair Broadcast Group (NASDAQ: SBGI) today announced that John Zeigler will join the company as its new Chief Marketing Officer. In this newly created role, Zeigler will initially focus on the development and execution of comprehensive brand...

Sinclair Broadcast Group Names John Zeigler Chief Marketing Officer

BALTIMORE, Oct. 29, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) today announced that Lucy Rutishauser, Executive Vice President & Chief Financial Officer at Sinclair Broadcast Group, Inc., has been named one of The Baltimore Sun's 2020 Women to Watch. The Baltimore...

Sinclair Broadcast Group's Lucy Rutishauser Named One Of The Baltimore Sun's 2020 Women To Watch

Sinclair Broadcast Group, the second-largest television station operator in the U.S. behind Nexstar, saw weak advertising sales for its stations and sports networks earlier in the pandemic. Consequently, the company's stock has lost 48% of its value so far this year, and currently stands.

Can Sinclair Broadcast Stock Recover To $30 Levels Post Covid?

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Sprouts Farmers Market, Inc.'s (SFM) CEO Jack Sinclair on Q3 2020 Results - Earnings Call Transcript

A portfolio of 21 regional sports networks long operated by Fox and now controlled by Diamond Sports Group, a consortium led by Sinclair Broadcast Group, have gone dark on Hulu's live TV bundle. The signals of the YES Network, which is owned by the New York Yankees, Sinclair, Amazon and private equity firms, and the...

Sinclair-Led Regional Sports Networks And YES Go Dark On Hulu's Live TV Bundle

HUNT VALLEY, Md., Oct. 15, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) announced today the closing of the acquisition of two Class A television stations located in the Washington, DC market. In addition to traditional broadcast programming, the company plans to use...

Sinclair Acquires two Class A TV stations in Washington, DC

BALTIMORE, Oct. 15, 2020 /PRNewswire/ -- Sinclair Broadcast Group (NASDAQ: SBGI) congratulates KRCG-TV for being honored by the Radio Television Digital News Association's (RTDNA) National Edward R. Murrow Awards for excellence in journalism for outstanding breaking news coverage. The...

Missouri's KRCG-TV Wins Coveted RTDNA National Edward R. Murrow Award For Outstanding Breaking News Coverage

BALTIMORE, Oct. 6, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) will report its third quarter 2020 earnings results at 7:30 a.m. ET on Wednesday, November 4, 2020, followed by a conference call to discuss the results at 9:00 a.m. ET. The call will be webcast live and...

Sinclair To Report Third Quarter 2020 Results On November 4, 2020 At 7:30 a.m. (Eastern Time)

BALTIMORE, Md., Oct. 2, 2020 /PRNewswire/ -- Sinclair Broadcast Group (NASDAQ: SBGI) today announced the company has hired award-winning anchor Jan Jeffcoat to lead Sinclair's soon-to-be-launched headline news service as main anchor. Set to premier in early 2021, Sinclair's headline news...

Award-Winning Journalist Jan Jeffcoat Tapped By Sinclair Broadcast Group To Become Main Anchor Of Its Headline News Service

BALTIMORE, Sept. 30, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) reported today that beginning tomorrow, YouTube TV will no longer carry Sinclair's regional sports networks (RSNs), although discussions continue. Despite a good faith effort by both parties to reach a...

YouTube TV To Discontinue Carriage Of Sinclair Regional Sports Networks As Discussions Continue

BALTIMORE, Sept. 23, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (Nasdaq: SBGI) congratulates President and Chief Executive Officer Christopher Ripley for being awarded The Daily Record's Most Admired CEO Award. The Daily Record created the Most Admired CEOs awards program to...

Sinclair Chief Executive Officer Chris Ripley Honored As Most Admired CEO By The Daily Record

HUNT VALLEY, Md., Sept. 17, 2020 /PRNewswire/ -- Interactive TV Today has presented Sinclair Broadcast Group (Nasdaq: SBGI) with its prestigious Award for Achievement in Local Broadcasting, part of the TV of Tomorrow annual awards for leadership in interactive and multiplatform television....

Sinclair Wins Prestigious "Achievement In Local Broadcasting" Award

BALTIMORE, Sept. 16, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc.

Sinclair Broadcast Group Teams Up With The Salvation Army, Bringing Relief To Communities Impacted By The Western Wildfires

BALTIMORE, Aug. 31, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc.

Sinclair Broadcast Group Named A Finalist In Baltimore Business Journal's 2020 Best Places to Work Awards

BALTIMORE, Aug. 26, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc.

Sinclair Promotes Phillip Gharabegian To Deputy General Counsel Of Regional Sports

BALTIMORE, Aug. 24, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc.

Sinclair Broadcast Group Partners with the Salvation Army to Raise Money for Iowans Impacted by the Devastating Derecho

BALTIMORE, Aug. 19, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc.

Sinclair Announces Partial Redemption of Diamond Sports Holdings Preferred Units

BALTIMORE, Aug. 10, 2020 /PRNewswire/ -- Sinclair Broadcast Group, Inc.

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